GOLDTRADER'S GROUP
Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Friday, August 22, 2008
8/22/08 THE BIG PICTURE
FRIDAY CLOSE-THE LARGER PICTURE
2:15PM PDST FRIDAY AFTERNOON CLOSE
11:45AM PDST GOLD SELLS OFF AFTER THE CLOSE IN AFTERNOON TRADING
10:52AM PDST GOLD STRUGGLING TO GO UP AGAINST SELLING PRESSURE BY THE MANIPULATORS
10:00AM PDST GOLD HEADS UP...DOWN FLAG RESOLVES UP
9:20AM PDST GOLD FINDS SUPPORT AT 826
8:47AM PDST GOLD PULLS BACK 50%
7:50AM PDST GOLD GOING SIDEWAYS TO UP AFTER BEN BLABS BULLSHIT
6:55AM PDST JUST BEFORE THE BERNANKE BULLSHIT BEGINS
6:34AM PDST GOLD GET HIT JUST BEFORE BALD BEN'S SPEECH AND AS THE DOW OPENS
6:15AM PDST GOLD RETRACES BACK UP..NOW A PULLBACK THEN..BACK ON UP
6:09AM PDST GOLD ON THE REBOUND?
5:45AM PDST BASHING GOLD SO BERNANKE CAN "LOOK GOOD" IN WYOMING
5:25AM PDST GOLD GETS WHACKED BEFORE THE NY OPEN SO BERNANKE CAN LOOK GOOD IN WYOMING
Thursday, August 21, 2008
THURSDAY NIGHT 8/21/08 THE BIG PICTURE
7:50PM PDST THE LARGER VIEW TONIGHT
7:50PM PDST TWO RETRACE SCENARIOS..WHITE DOWN FLAG RESOLVES UP
6:55PM PDST EVENING GOLD.. DOWN FLAG RESOLVES UP
10:44AM PDST GOLD ALL SET UP TO FALL TO 83240
10:18AM PDST GOLD STARTS ITS SELL OFF INTO THE CLOSE...WILL RALLY THIS AFTERNOON AND OVER NIGHT
10:02AM PDST GOLD'S RALLY ATTEMPT CONTINUES
9:50AM PDST GOLD CONTINUES ITS RETRACEMENT WITH ONLY FEEBLE RALLIES
8:40AM PDST GOLD IN A SHORT TERM DOWN FLAG..WILL PROBABLY DROP TO AT LEAST 837.50 AND RESOLVE UP
8:22AM PDST GOLD IS UP $68 FROM THE LOW AT $777.70 ON AUGUST 15, 2008
8:20AM PDST THREE RETRACEMENT SENARIOS
8:53AM PDST GOLD SPIKING HIGHER..ALL LINES AT MONEX ARE BUSY!
6:54AM PDST GOLD IN SEVERAL UP FLAGS THAT RESOLVE DOWN..BUT COULD SPIKE HIGHER..VOLUME AND DIRECTION DETERMINE EVERYTHING
5:50AM PDST GOLD MAKES NEW HIGHS
5:45AM PDST GOLD FALLS 75% THEN GOES BACK 75% OF THAT MOVE
5:12AM PDST A CLOSER LOOK BEFORE THE NY OPEN
5:10AM PDST GOLD FINDING SOME RESISTANCE AT THE WHITE DOWNTREND LINE
Wednesday, August 20, 2008
9:40PM PDST GOLD SHOULD MOVE UP OVER NIGHT
6:50PM PDST GOLD PULLING BACK THIS EVENING...BUT WILL PROBABLY GO UP OVER NIGHT
1:43PM PDST BEFORE THE AFTERNOON 2:15PM PDST CLOSE
12:20PM PDST A NEARLY PERFECT 75% RETRACE TO 81930...A DOWN FLAG...RESOLVES UP
11:38AM PDST VERY DANGEROUS, BIZARRE SHORT TERM TRADING PATTERNS...BUT UP!
10:39AM PDST ON THE CLOSE GOLD RALLIES 8 DOLLARS...NOW A PULLBACK?
10:00AM PDST EVERY RALLY GETS SOLD
9:02AM PDST TWO RETRACEMENT LEVELS...BUT FIRST A PULL BACK
8:26AM PDST RETRACED 50% OF ENTIRE UP MOVE OVER LAST TWO DAYS
8:00AM PDST TAKING IT ALL BACK?
7:15AM PDST GOLD SHOULD BREAK UP AND ABOVE THE GREEN LINED TRADING BLOCK
THE BIG "W" RESOLVES UP THE RIGHT LEG
6:50AM PDST
Tuesday, August 19, 2008
8:03PM PDST DOWN FLAG SHOULD RESOLVE UP
6:24PM PDST THE DOWN FLAG (WHITE LINES) RESOLVES UP...BUT A PULLBACK FOR PROFIT TAKING TONIGHT IS POSSIBLE
STEPPING BACK FURTHER TO SEE WHERE GOLD IS GOING
A BETTER VIEW OF THE RESURGENCE OF GOLD FROM THE "MANIPULATED" BOTTOM AT 777.70
5:55PM PDST THE BIG "W" RESOLVES UP THE RIGHT LEG..A PULLBACK FIRST IS LIKELY
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